ic-memo

What the source does

• FilesystemNone observedNo reads or writes in the source
• NetworkNone observedNo outbound calls in the source
• ShellNone observedNo commands run in the source
• DependenciesPinnedNothing floats
• SecretsNone foundNo keys in source

Five audit layers

Gates applied: no behavioural pass.

Audit 0.4.1 · source sha 1a9a359bc586 · 31 Oct 2026Report an issue or request a re-scan

• Publisheranthropics GitHub organizationOwner of the repository this skill is read from
• Source folderanthropics/financial-services/plugins/agent-plugins/valuation-reviewer/skills/ic-memoThe exact folder we audited
• LicenceApache-2.0As the repository states it
• Commit pinned for this verdict1a9a359bc586A new audit runs when the source changes
• Repository statusNot archivedLast push 2 days ago
• Sandboxed runNot runSkills are read, not executed; layer L4 is skipped

Its description: Draft a structured investment committee memo for PE deal approval. Synthesizes due diligence findings, financial analysis, and deal terms into a professional IC-ready document. Use when preparing for investment…

---
name: ic-memo
description: Draft a structured investment committee memo for PE deal approval. Synthesizes due diligence findings, financial analysis, and deal terms into a professional IC-ready document. Use when preparing for investment committee, writing up a deal, or creating a formal recommendation. Triggers on "write IC memo", "investment committee memo", "deal write-up", "prepare IC materials", or "recommendation memo".
---

# Investment Committee Memo

## Workflow

### Step 1: Gather Inputs

Collect from the user (or from prior analysis in the session):

- Company overview and business description
- Industry/market context
- Historical financials (3-5 years)
- Management assessment
- Deal terms (price, structure, financing)
- Due diligence findings (commercial, financial, legal, operational)
- Value creation plan / 100-day plan
- Returns analysis (base, upside, downside)

### Step 2: Draft Memo Structure

Standard IC memo format:

**I. Executive Summary** (1 page)
- Company description, deal rationale, key terms
- Recommendation and headline returns
- Top 3 risks and mitigants

**II. Company Overview** (1-2 pages)
- Business description, products/services
- Customer base and go-to-market
- Competitive positioning
- Management team

**III. Industry & Market** (1 page)
- Market size and growth
- Competitive landscape
- Secular trends / tailwinds
- Regulatory environment

**IV. Financial Analysis** (2-3 pages)
- Historical performance (revenue, EBITDA, margins, cash flow)
- Quality of earnings adjustments
- Working capital analysis
- Capex requirements

**V. Investment Thesis** (1 page)
- Why this is an attractive investment (3-5 pillars)
- Value creation levers (organic growth, margin expansion, M&A, multiple expansion)
- 100-day priorities

**VI. Deal Terms & Structure** (1 page)
- Enterprise value and implied multiples
- Sources & uses
- Capital structure / leverage
- Key legal terms

**VII. Returns Analysis** (1 page)
- Base, upside, and downside scenarios
- IRR and MOIC across scenarios
- Key assumptions driving returns
- Sensitivity analysis

**VIII. Risk Factors** (1 page)
- Key risks ranked by severity and likelihood
- Mitigants for each risk
- Deal-breaker risks (if any)

**IX. Recommendation**
- Clear recommendation: Proceed / Pass / Conditional proceed
- Key conditions or next steps

### Step 3: Output Format

- Default: Word document (.docx) with professional formatting
- Alternative: Markdown for quick review
- Include tables for financials and returns, not just prose

## Important Notes

- IC memos should be factual and balanced — present both bull and bear cases honestly
- Don't minimize risks. IC members will find them anyway; credibility matters
- Use the firm's standard memo template if the user provides one
- Financial tables should tie — check that EBITDA bridges, S&U balances, and returns math is consistent
- Ask for missing inputs rather than making assumptions on deal terms or returns

Excerpt, first 2,968 characters of SKILL.md, verbatim from the audited commit. It is text from someone else’s repository, quoted so you can judge it before your agent reads it.

git clone https://github.com/anthropics/financial-services
git -C financial-services checkout 1a9a359bc586

Works in

1. 2026-10-31
   ✓SAFE B 89 / 100

   first audit · source 1a9a359bc586

Questions about ic-memo

• github.com/anthropics/financial-services/tree/main/plugins/agent — the audited source at commit 1a9a359bc586 and every finding aboveObserved · 31 Oct 2026

Spotted something wrong? Report a correction · Methodology